Frankfurt am Main, Germany (Weltexpress). The French Republic (FR) is not only undergoing a demographic shift, but also accumulating ever higher levels of debt. The rating agency S&P Global Ratings, based in New York, USA, formerly known as Standard & Poor’s, has downgraded the FR. Its credit rating has been lowered from AA- to A+.
Analysts clearly consider the draft budget for 2026, which was presented to members of the National Assembly in Paris, to be a joke, let alone one that could be implemented. The uncertainty surrounding the French Republic, which is on the brink of bankruptcy, remains, to say the least. S&P Global Ratings’ ranking was actually scheduled for 28 November 2025 but was brought forward unscheduled.
Experts and critics expect not only that other rating agencies will downgrade the FR, but that the FR will be downgraded further. Where to get it, if not by stealing from the Germans, is the whispered comment about the ailing and highly indebted state of capital, which is obviously being governed less and less effectively from Paris.
The economic base and cultural superstructure are not only crumbling, but falling apart.
Now jewellery has been stolen from the Louvre and tomorrow a former president of the FR is going to prison.
